Common use of Appointment of Receivers Clause in Contracts

Appointment of Receivers. Upon the occurrence of a Default, and upon the filing of a suit or other commencement of judicial proceedings to enforce the rights of the Trustee and of the Owners of Bonds under this Indenture, the Trustee shall be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate and of the revenues, earnings, income, products and profits thereof, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 6 contracts

Sources: Lease Agreement (NuStar Energy L.P.), Lease Agreement (NuStar Energy L.P.), Lease Agreement (NuStar Energy L.P.)

Appointment of Receivers. Upon the occurrence of a an Event of Default, and upon the filing of a suit or other commencement of judicial proceedings to enforce the rights of the Trustee and of the Owners of Bonds Noteholders under this Indenture, the Trustee shall be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate and of the revenues, issues, earnings, income, products and profits thereof, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 4 contracts

Sources: Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Capital Inc), Trust Indenture (PMC Capital Inc)

Appointment of Receivers. Upon the occurrence of a an Event of Default, and upon the filing of a suit or other commencement of judicial proceedings to enforce the rights of the Trustee and of the Owners owners of Bonds under this Indenture, the Trustee shall be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate and of the revenues, earnings, income, products and profits thereof, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 3 contracts

Sources: Indenture of Trust (Weirton Steel Corp), Indenture of Trust (Weirton Steel Corp), Indenture of Trust (Weirton Steel Corp)

Appointment of Receivers. Upon the occurrence and continuance of a Default, an Event of Default and upon the filing of a suit or other commencement of other judicial proceedings to enforce the rights of the Trustee under the Indenture and of the Owners of Bonds under this Indentureother Financing Documents, the Trustee shall be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate Project Facility and of the revenues, earnings, income, products revenues and profits receipts thereof, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 2 contracts

Sources: Trust Indenture (Plug Power Inc), Trust Indenture (Mechanical Technology Inc)

Appointment of Receivers. Upon the occurrence and continuance of a Default, an Event of Default and upon the filing of a suit or other commencement of other judicial proceedings to enforce the rights of the Trustee and of the Owners of Bonds under this IndentureIndenture and the other Financing Documents, the Trustee shall shall, to the extent permitted by law, be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate Project Facility and of the revenues, earnings, income, products revenues and profits receipts thereof, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 1 contract

Sources: Trust Indenture (Angiodynamics Inc)

Appointment of Receivers. Upon the occurrence of a Default, an event of default and upon the filing of a suit or other commencement of judicial proceedings to enforce the rights and remedies of the Trustee and of the Owners owners of the Bonds under this Indenture, the Trustee shall shall, with the consent of the Collateral Agent, be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate Project and of the revenuesrents, earnings, income, products revenues and profits thereofreceipts thereof and therefrom, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 1 contract

Sources: Indenture of Trust (Tenaska Georgia Partners Lp)

Appointment of Receivers. Upon the occurrence of a Default, Default and upon the filing of a suit or other commencement of judicial proceedings to enforce the rights of the Trustee and of the Owners of Bonds Notes under this Indenture, the Trustee shall be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate and of the revenues, earnings, income, products and profits thereof, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 1 contract

Sources: Indenture of Trust (Plainwell Inc)

Appointment of Receivers. Upon the occurrence of a an Event of Default, and upon the filing of a suit or other commencement of judicial proceedings to enforce the rights of the Trustee and of the Owners of Bonds Bondholders under this Indenture, the Trustee shall be entitled, as a matter of right, to the appointment of a receiver or receivers of the Trust Estate rights and properties pledged hereunder and of the revenues, earningsissues, income, products payments and profits thereof, pending such proceedings, with such powers as the court making such appointment shall confer.

Appears in 1 contract

Sources: Indenture of Trust (Laidlaw Environmental Services Inc)